RECORD INCREASE OF 14 % REVENUE COLLECTION DURING FIRST SIX MONTHS OF CFY

Jan. 08, 2015 RECORD INCREASE OF 14 % REVENUE COLLECTION DURING FIRST SIX MONTHS OF CFY

During the month of December, 2014, FBR has made a net collection of Rs.270,216 million as against net collection of Rs. 231,539 million during December, 2013 showing an increase of 17%. From July, 2014 to December, 2014, FBR made a gross collection of Rs.1,230,376 million and issued refunds of Rs.58,508 million, resulting in net collection of Rs.1,171,868 million, whereas last year during first six months, FBR had made a gross collection of Rs.1,081,937 and after issuing of refunds of Rs.56,522 made a net collection of Rs.1,031,415 million, indicating a record increase of Rs.140,453 million which in percentage terms comes to around 14%.

Details of collection during July-December, 2014 as compared to July-December, 2013 are as under:

                                                                                             (Rs.  in Million)

Revenue Head

Up to December 2014

Up to December 2013

Gross

Rebate/ Refund

Net

Gross

Rebate/ Refund

Net

1

2

3

4

5

6

7

Domestic Taxes

1,089,759

53,182

1,036,576

972,829

51,502

921,327

Direct Taxes

489,426

30,500

458,926

414,506

32,522

381,983

Sales Tax (a+b)a) ST (Import)

b) ST (Domestic)

536,439

274,818

261,621

22,682

53

22,630

513,757

274,766

238,991

500,661

246,689

253,972

18,977

9

18,968

481,683

246,680

235,004

FED (a+b)a) FED (Import)

b)FED (Domestic)

63,893

8,172

55,721

0

0

0

63,893

8,172

55,721

57,662

4,175

53,487

2

1

1

57,660

4,175

53,486

Customs

140,617

5,325

135,292

115,108

5,020

110,088

Grand Total

1,230,376

58,508

1,171,868

1,087,937

56,522

1,031,415

 

Shahid Hussain Asad
Member (Inland Revenue Policy)

 

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